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Top 6 Best Paint Company Stocks In India With Good Dividend Yield

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The decorative paint category accounts for over 75% of the domestic paint market, which is projected to be worth Rs 50,000 crores. Exterior wall paints, interior wall paints, wood finishes, enamels, as well as ancillary items such as primers, putties, and other coatings, are all part of the decorative paint market.

 

While, chip shortage has impacted a variety of businesses, including autos and consumer electronics. The Indian paint sector has become the latest casualty of the supply shortage. The following is a list of the top Paint firms in India, with the highest total sales figures.

Asian Paints 

Asian Paints 

Asian Paints, founded in 1945, is a Large Cap firm in the Building Materials industry with a market capitalization of Rs 308,118.31 crore. In the most recent quarter, the company generated a net profit after tax of Rs 576.82 crore.

The stock returned 169.1 percent over three years, compared to 70.85 percent for the Nifty 100. Asian paint's robust distribution network of dealers and merchants is one of its greatest assets. It has aided the company in developing a balanced mix of urban and rural sales over the years. This network is at the heart of the home improvement industry's expansion. More dealers signed up for multi-product distribution last quarter.

Asian Paint is one of India's most popular paint brands. Asian Paints grew into a corporate force and India's biggest paint firm over the course of 25 years. By size, Asian Paint is India's largest paint company.

Asian Paints Ltd. has declared an equity dividend of Rs 17.85 per share in the last year. This translates to a dividend yield of 0.54 percent at the current share price of Rs 3296.30.

  • Net Sales Turnover: Rs 18516.86 Cr
  • Net Sales in June quarter: Rs 4785.91 Cr
Berger Paints India
 

Berger Paints India

Only 1.73 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The stock returned 206.49 percent over three years, compared to 72.05 percent for the Nifty 100 index. Berger Paints (India) Ltd., founded in 1923, is a Large Cap firm in the Building Materials industry with a market cap of Rs 79,753.04 crore.

Berger Paints (India) Ltd. has issued an equity dividend of Rs 2.80 per share in the last year. This translates to a dividend yield of 0.34 percent at the current share price of Rs 832.20.

Berger Paints India Limited is the country's second-largest paint firm, with a track record of being one of the country's fastest expanding. With over 3450 employees (excluding subsidiaries) and a nationwide distribution network of over 25,000 dealers.

  • Net Sales Turnover: Rs 6021.41 Cr
  • Net Sales June quarter: Rs 1619.21 Cr
Kansai Nerolac Paints 

Kansai Nerolac Paints 

Kansai Nerolac Paints Ltd., founded in 1920, is a Large Cap company in the Building Materials industry with a market cap of Rs 34,803.44 crore. The stock returned 63.29 percent over three years, compared to 72.05 percent for the Nifty 100 index. Only 2.03 percent of trading sessions in the last 16 years had intraday drops of more than 5%.

Kansai Nerolac Paints Ltd. has issued an equity dividend of Rs 5.25 per share in the last 12 months. This translates to a dividend yield of 0.82 percent at the current share price of Rs 640.00.

In 1986, GNPL inked a TAA in Osaka with Japan's Kansai Paints Co. Ltd. for the manufacture of Cathodic Electrodeposition Primer and other advanced coatings for automotive applications. GNPL was the first company in India to implement this technology.

  • Sales Turnover: Rs 4690.00 Cr
  • Net June Sales Turnover: Rs 1301.19 Cr
Akzo Nobel India

Akzo Nobel India

Only 1.49 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The stock returned 43.84 percent over three years, compared to 90.24 percent for the Nifty Midcap 100. Akzo Nobel India Ltd., founded in 1954, is a Mid Cap business in the Building Materials category with a market capitalization of Rs 10,230.63 crore.

In 2012, three additional AkzoNobel Group firms operating in India were united under the AkzoNobel India Limited umbrella, making it India's only integrated Paints and Coatings company with a relatively limited Chemicals portfolio. In 2018, the company's chemicals division was spun off, leaving the company only focused on paints and coatings.

Akzo Nobel India Ltd. has declared an equity dividend of Rs 50.00 per share in the last 12 months. This equates to a dividend yield of 2.23 percent at the current share price of Rs 2240.00.

  • Sales Turnover: Rs 2421.40 Cr
  • Net Sales Turnover: Rs 626.38 Cr
Indigo Paints

Indigo Paints

The company has enough cash on hand to cover its contingent liabilities. For the first time in five years, the company is debt-free. Indigo Paints Ltd., founded in the year 2000, is a Small Cap business in the Building Materials sector with a market capitalization of Rs 11,898.67 crore.

Indigo Paints changed its brand in response to changing times and trends, showing the company's fresh way of thinking. It merged all of its many brands for different product categories into a single umbrella brand called "INDIGO" a few years ago.

Sales Turnover: Rs 723.32 Cr

Nippon Paint (India)

Nippon Paint (India)

India Nippon Electricals Ltd., founded in 1984, is a Small Worth business in the Auto Ancillaries sector with a market cap of Rs 822.51 crore. Nippon Paint, headquartered in Osaka, is the only paint solutions provider for all types of surfaces. In some criteria, Nippon Paint India is the best paint brand in India. Stock returned -13.43 percent over three years, compared to 88.19 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned -13.43 percent, while the Nifty Auto delivered investors a 19.93 percent return.

India Nippon Electricals Ltd., founded in 1984, is a Small Worth business in the Auto Ancillaries sector with a market cap of Rs 822.51 crore. The number one paint company in Asia, as well as one of the world's top paint manufacturers.

 Shalimar Paints

Shalimar Paints

Shalimar Paints, founded in 1902, is a Small Cap business in the Building Materials sector with a market capitalization of Rs 527.53 crore. For the past three years, the company has posted a negative return on investment (ROI). The stock returned 18.25 percent over three years, compared to 88.19 percent for the Nifty Smallcap 100. 3.54 percent decrease in sales. The company suffered revenue contraction for the first time in recent 3 years.

  • Sales Turnover: Rs 325.56 Cr
  • Net June Sales Turnover: Rs 65.17 Cr
Top 6 Best Paint Company Stocks In India

Top 6 Best Paint Company Stocks In India

Paint Company Stock Price Market Cap Sales Turnover in Cr (Yearly)Dividend Yield
Asian Paints 3,295.10 3.16LCr Rs 18516.860.54%.
Berger Paints India 832.90 80.89TCr Rs 6021.41 0.34%.
Kansai Nerolac Paints 640.50 34.52TCr Rs 4690.00 0.82%.
Akzo Nobel India 2,239.95 10.20TCr Rs 2421.40 2.23%.
Indigo Paints 2,517.40 11.98TCr Rs 723.32 -
Shalimar Paints 97.70 531.33Cr Rs 325.56 -

Disclaimer

Disclaimer

Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

Story first published: Thursday, October 7, 2021, 14:44 [IST]
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